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[POLL] U.S. Presidential Election 2016

Whom will/would you vote for?

  • Laurence Kotlikoff (Independent)

    Votes: 0 0.0%
  • Tom Hoefling (America's Party)

    Votes: 0 0.0%
  • Mike Maturen (American Solidarity Party)

    Votes: 0 0.0%

  • Total voters
    659
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To say one should be able to do something is to describe a right, not a privilege. I think you're nitpicking word choice here, and regardless, I don't think the term "fundamentally different" applies here. A fundamentally different worldview would be to say university education is a privilege that has to be earned, whether it's through scholarship and/or tuition (e.g. the right-wing worldview).

I feel that in a large sense you do not understand rights vs privileges. To state that "should be able to do something" is a right is not really true. For example I think most people would agree that people "should be able to" have a car (due to the positives that it brings) yet would also agree that it is not a right in a legal sense. The same could go for many other things that current society views as items/services that are crucial but are not required inherent rights in their eyes. The Democrats (at least via the platform) view university in the same way in that it should be something that should be promoted due in largely for the benefits it brings to society but it is not as a right that every single person has as citizens of this Nation.


That's neither here nor there though, the truth is somewhere in-between of those two polar opposite political stances, which is where I sit most times.
Same Here.
 

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Liberalism in the social-democrat flavour is taking money from the rich in order to give hand-outs to the poor rather than creating an environment where they can earn it themselves, which is political Robin Hoodism in my opinion. Too many safety nets out there to take advantage of. Liberals like the capacity to see beyond Step #1, the consequences of their choices escape them. For instance, they fail to see or neglect to mention the fact that it's the rich who create jobs for the poor, not the other way around. By cutting into the profits of the rich you're not making them "less rich", nor are you "redistributing wealth", you're just killing jobs since there's a reason why the rich are rich, and it goes beyond the obvious inheritence of wealth - they're rich because they understand how a cost-benefit analysis works. The rich aren't paying the extra tax - you are, by buying dearer goods, paying more for services or by losing your job. That's not logical - it'd be logical to allow industrious people to multiply their wealth as much as possible so that it redistributes itself. That's neither here nor there though, the truth is somewhere in-between of those two polar opposite political stances, which is where I sit most times.
I'm not surprised that you seem to be leaving out an important, uh, half of economic theory when you say the poor don't create jobs for the rich.

History shows us time and again that when the rich pay their fair share in taxes while they're still profitable, or the minimum wage is increased, jobs are not negatively affected. What does affect jobs is when low-income people are able to spend more money because they have more of it. It's like you don't understand basic supply-demand economics, because regardless of the taxes or minimum wage, a business is going to do whatever is most profitable for it, period. More often than not, a business is not going to fire people due to minimum wage and/or increased taxes when demand for a product or service is consistent, if not growing. That wouldn't be profitable, and what would be profitable would be to hire just enough employees to meet demand. More often than not, a business has already figured the maximally profitable price of a product or service using a price vs. demand chart, and increased taxes or minimum wage isn't going to change that equation much, if at all. What's going to change a business' hiring practices and/or prices is when demand increases and a willingness to pay higher prices increases, which are all effects of certain social programs and a higher minimum wage.

Up until now, I've been talking about a healthy economy. What about an unhealthy one? During the Recession, there was a compounding effect to job losses because the more people who lost their jobs, the lower demand went, and the lower the prices people were willing to pay went. Because of the drop in demand, businesses fired people because it was no longer profitable to keep them around, creating a positive feedback loop where the economy was hemorrhaging jobs. Two competing worldviews emerged to address the problem. The right-wing view was tax cuts on the rich, but if demand isn't addressed when the economy's problem is a demand problem, giving the rich tax cuts isn't going to do anything to change what is or isn't profitable for businesses, and they're going to sit on those tax cuts (which history has shown them doing). Why would a business take its tax cuts to hire more workers when the demand for a product is unchanged? The increased workforce does nothing to increase profits, causing the business to lose money paying that worker.

The left-wing view was to give tax breaks to low earners, social programs like food stamps for low earners, unemployment benefits, etc. In addition to it being moral to help those who are without work often at no fault of their own during the Recession, this also put money in the pockets of people who had no choice but to spend it. The metaphorical gears of the economy start turning again as demand increases, it becomes profitable for businesses to start hiring again, and the problem begins to fix itself.

There's nothing morally wrong with being libertarian; naivety and daydreaming are not sins, and I can empathize with small-government principles. But right-wing economic theory doesn't comport with how things work in reality.

By the way, we haven't established squat - you just said that it's idealistic based on no evidence whatsoever - not that you could have used evidence anyways since there has never been a libertarian government - it's untested as of yet, so I can't place the blame on you in this case. We did have plenty of socialist and social-democrat governments though, and we know how that works out.
Then you apparently didn't read the numerous posts where I explained in detail how and why your proposed economic solutions to real social problems don't work, and for many of your solutions, I even cited specific historical evidence.

I feel that in a large sense you do not understand rights vs privileges. To state that "should be able to do something" is a right is not really true. For example I think most people would agree that people "should be able to" have a car (due to the positives that it brings) yet would also agree that it is not a right in a legal sense. The same could go for many other things that current society views as items/services that are crucial but are not required inherent rights in their eyes. The Democrats (at least via the platform) view university in the same way in that it should be something that should be promoted due in largely for the benefits it brings to society but it is not as a right that every single person has as citizens of this Nation.
What makes your analogy a false one is no one is saying people should be able to get free cars. Saying someone should be able to get a car for a price isn't a description of a right. Saying someone should be able to go to college without anything in return is a description of a right.
 
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What makes your analogy a false one is no one is saying people should be able to get free cars. Saying someone should be able to get a car for a price isn't a description of a right.
Read carefully. First I never said that cars should necessarily be free. The point is that people still would mostly argue that people should be able to have a car. There are many cases where it can be made so that people (especially with lack of opportunities due to economic reasons) can get cars such as tax breaks, loans, private charity and etc.


Saying someone should be able to get a car for a price isn't a description of a right.
You provided my point as I had stated that "should be able to have" and rights are different.

It's like you don't understand basic supply-demand economics, because regardless of the taxes or minimum wage, a business is going to do whatever is most profitable for it, period. More often than not, a business is not going to fire people due to minimum wage and/or increased taxes when demand for a product or service is consistent, if not growing.

The higher wages are, the higher costs of production are. The higher costs of production are, the higher prices are. The higher prices are, the smaller are the quantities of goods and services demanded and the number of workers employed in producing them. That is basic economics. Furthermore, the higher the minimum wage is raised, the worse are the effects on poor people. This is because, on the one hand, the resulting overall unemployment is greater, while, on the other hand, the protection a lower wage provides against competition from higher-paid workers is more and more eroded. At today’s minimum wage of $7.25 per hour, workers earning that wage are secure against the competition of workers able to earn $8, $9, or $10 per hour. If the minimum wage is increased, and the jobs that presently pay $7.25 had to pay $10.10, then workers who previously would not have considered those jobs because of their ability to earn $8, $9, or $10 per hour will now consider them; many of them will have to consider them, because they will be unemployed.

Because of the drop in demand, businesses fired people because it was no longer profitable to keep them around, creating a positive feedback loop where the economy was hemorrhaging jobs.
Again it is simple to say that price drives demand and it goes back to the higher wages are, the higher costs of production are. The higher costs of production are, the higher prices are. The higher prices are, the smaller are the quantities of goods and services demanded and the number of workers employed in producing them.


There's nothing morally wrong with being libertarian; naivety and daydreaming are not sins, and I can empathize with small-government principles. But right-wing economic theory doesn't comport with how things work in reality.
To deny the fact that higher wages can lead to unemployment and higher costs is to be day dreaming. Give one example where a company decided to higher more people due to higher wages and i will give you multiple examples of the opposite.
 
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I'm not surprised that you seem to be leaving out an important, uh, half of economic theory when you say the poor don't create jobs for the rich.

History shows us time and again that when the rich pay their fair share in taxes while they're still profitable, or the minimum wage is increased, jobs are not negatively affected. What does affect jobs is when low-income people are able to spend more money because they have more of it. It's like you don't understand basic supply-demand economics, because regardless of the taxes or minimum wage, a business is going to do whatever is most profitable for it, period. More often than not, a business is not going to fire people due to minimum wage and/or increased taxes when demand for a product or service is consistent, if not growing. That wouldn't be profitable, and what would be profitable would be to hire just enough employees to meet demand. More often than not, a business has already figured the maximally profitable price of a product or service using a price vs. demand chart, and increased taxes or minimum wage isn't going to change that equation much, if at all. What's going to change a business' hiring practices and/or prices is when demand increases and a willingness to pay higher prices increases, which are all effects of certain social programs and a higher minimum wage.

Up until now, I've been talking about a healthy economy. What about an unhealthy one? During the Recession, there was a compounding effect to job losses because the more people who lost their jobs, the lower demand went, and the lower the prices people were willing to pay went. Because of the drop in demand, businesses fired people because it was no longer profitable to keep them around, creating a positive feedback loop where the economy was hemorrhaging jobs. Two competing worldviews emerged to address the problem. The right-wing view was tax cuts on the rich, but if demand isn't addressed when the economy's problem is a demand problem, giving the rich tax cuts isn't going to do anything to change what is or isn't profitable for businesses, and they're going to sit on those tax cuts (which history has shown them doing). Why would a business take its tax cuts to hire more workers when the demand for a product is unchanged? The increased workforce does nothing to increase profits, causing the business to lose money paying that worker.

The left-wing view was to give tax breaks to low earners, social programs like food stamps for low earners, unemployment benefits, etc. In addition to it being moral to help those who are without work often at no fault of their own during the Recession, this also put money in the pockets of people who had no choice but to spend it. The metaphorical gears of the economy start turning again as demand increases, it becomes profitable for businesses to start hiring again, and the problem begins to fix itself.

There's nothing morally wrong with being libertarian; naivety and daydreaming are not sins, and I can empathize with small-government principles. But right-wing economic theory doesn't comport with how things work in reality.


Then you apparently didn't read the numerous posts where I explained in detail how and why your proposed economic solutions to real social problems don't work, and for many of your solutions, I even cited specific historical evidence.


What makes your analogy a false one is no one is saying people should be able to get free cars. Saying someone should be able to get a car for a price isn't a description of a right. Saying someone should be able to go to college without anything in return is a description of a right.
Lacius, Lacius, Lacius... Consider this - if I give you $20 to eat shit, then you turn around and give me $20 to eat shit too, did the economy grow by $40 or did we both eat shit for nothing? If you tax the wealthy in order to give the poor money that they can spend on goods and services provided by the wealthy, you're not creating anything - you're just moving money around. This is not "profitable" for either party. If anyone's not understanding economic theory, it's you buddy, but that's not something I'm willing to delve into for the sake of your thread since this is all off-topic.
 

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Lacius, Lacius, Lacius... Consider this - if I give you $20 to eat shit, then you turn around and give me $20 to eat shit, did the economy grow by $40 or did we both eat shit for nothing? If you tax the wealthy in order to give the poor money that they can spend on goods provided by the wealthy, you're not creating anything - you're just moving money around.

In a large sense that is basically what Kenyes teaches. That is why his school of thought promotes inflation since it is a way to make money flow which in theory helps as it prevents people from hoarding money and economic disaster. Although I feel such logic is absurd.


Lacius, Lacius, Lacius... Consider this - if I give you $20 to eat shit, then you turn around and give me $20 to eat shit, did the economy grow by $40 or did we both eat shit for nothing?
That is a great example.
 
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In a large sense that is basically what Kenyes teaches. That is why his school of thought promotes inflation since it is a way to make money flow which in theory helps as it prevents people from hoarding money and economic disaster. Although I feel such logic is absurd.

That is a great example.
Of course it's absurd - the most basic way to create value in economy is to take basic goods and improve upon them. You take a pile of clay, turn it into plates and sell the plates for more than the value of the clay - in this scenario, it's your labour that you've put into changing object A into object B that has a price, that's the increase in value. Moving money around doesn't create shit in and out of itself, it's the labour that has value. Hand-outs do not necessitate labour, thus they do not spur economic activity, they're just a safety net.
 

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the most basic way to create value in economy is to take basic goods and improve upon them. You take a pile of clay, turn it into plates and sell the plates for more than the value of the clay - in this scenario, it's your labour that you've put into changing object A into object B that has a price, that's the increase in value.
Quite like the classic essay I, Pencil by Read.
 

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Read carefully. First I never said that cars should necessarily be free. The point is that people still would mostly argue that people should be able to have a car. There are many cases where it can be made so that people (especially with lack of opportunities due to economic reasons) can get cars such as tax breaks, loans, private charity and etc.

You provided my point as I had stated that "should be able to have" and rights are different.
I didn't say that you said cars should be free. I was commenting on your false analogy.

The higher wages are, the higher costs of production are. The higher costs of production are, the higher prices are. The higher prices are, the smaller are the quantities of goods and services demanded and the number of workers employed in producing them. That is basic economics. Furthermore, the higher the minimum wage is raised, the worse are the effects on poor people. This is because, on the one hand, the resulting overall unemployment is greater, while, on the other hand, the protection a lower wage provides against competition from higher-paid workers is more and more eroded. At today’s minimum wage of $7.25 per hour, workers earning that wage are secure against the competition of workers able to earn $8, $9, or $10 per hour. If the minimum wage is increased, and the jobs that presently pay $7.25 had to pay $10.10, then workers who previously would not have considered those jobs because of their ability to earn $8, $9, or $10 per hour will now consider them; many of them will have to consider them, because they will be unemployed.

Again it is simple to say that price drives demand and it goes back to the higher wages are, the higher costs of production are. The higher costs of production are, the higher prices are. The higher prices are, the smaller are the quantities of goods and services demanded and the number of workers employed in producing them.

To deny the fact that higher wages can lead to unemployment and higher costs is to be day dreaming. Give one example where a company decided to higher more people due to higher wages and i will give you multiple examples of the opposite.
If a product is still profitable after an increased tax or minimum wage, its price rarely increases since the demand vs. price a consumer is willing to pay chart is largely unchanged. If a business increases the price, it will likely lose even more money since the previous price was already maximally profitable given the two variables above. In addition, for the product that's still profitable, having an employee with a higher wage to meet current demand is typically more profitable than firing the employee. This is all without factoring in the increase in demand and price consumers are willing to pay.

Much of the wealth in the United States is now heavily concentrated at the top, and this much excess wealth and profits don't help the job market when the quantity of jobs is limited by the amount of demand.

The Economic Policy Institute put out a letter from 600 leading economists and Nobel laureates regarding the minimum wage. The overwhelming amount of data on the topic of minimum wage and increased taxes on the rich consistently shows a range of minimal job losses to job gains: http://www.epi.org/minimum-wage-statement/

President Bill Clinton substantially raised taxes, and jobs soared. Am I arguing that there was a causal effect? No. Am I arguing that raising taxes on the rich has a minimal effect on jobs? Yes. Can taxes and minimum wage be overly burdensome and have a detrimental effect? Yes, depending on how high the taxes are and how good the economy is. To say, however, that increased taxes and minimum wage generally cause a loss in jobs flies in the face of the facts.

Lacius, Lacius, Lacius... Consider this - if I give you $20 to eat shit, then you turn around and give me $20 to eat shit too, did the economy grow by $40 or did we both eat shit for nothing? If you tax the wealthy in order to give the poor money that they can spend on goods and services provided by the wealthy, you're not creating anything - you're just moving money around. This is not "profitable" for either party. If anyone's not understanding economic theory, it's you buddy, but that's not something I'm willing to delve into for the sake of your thread since this is all off-topic.
Once again, I think you've demonstrated a misunderstanding of economics. Moving money around is almost the definition of an economy, and now the low earners get to better participate in the economy with more goods and services, a higher quality of life, and social mobility. The cost of this is minimal to no job losses, and the rich are relatively unaffected (i.e. they're still rich).
 
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I didn't say that you said cars should be free. I was commenting on your false analogy.
Nope my analogue was correct but you are not in your taking off it.


Once again, I think you've demonstrated a misunderstanding of economics. Moving money around is almost the definition of an economy, and now the low earners get to better participate in the economy with more goods and services, a higher quality of life, and social mobility. The cost of this is minimal to no job losses, and the rich are relatively unaffected (i.e. they're still rich).
There is a difference between the natural moving of money and artificial attempts at trying to create the flow (i.e. forced inflation). Basically you are advocating against the theoretical deflationary spiral and arguing that artificial movement of money is a way prevent the cycle. The issue is that inflation (which comes from said things you are advocating) results in hurts lower and middle class people by diluting their money and forcing them to pay more.

If a product is still profitable after an increased tax or minimum wage, its price rarely increases
since the demand vs. price a consumer is willing to pay chart is largely unchanged.
The issue is that almost never happens as increasing the wages always do affect the profitability which in turns affects the cost of said products which leads to inflation which can hurt people by diluting their money.

Much of the wealth in the United States is now heavily concentrated at the top, and this much excess wealth and profits don't help the job market when the quantity of jobs is limited by the amount of demand.
Again this is classic Keynes economics as he argued that this would lead to hoarding which is bad. The problem with that is even with that at least people are protected to a larger extent as their savings do not lose value due to the forced inflation that you speak off.

The Economic Policy Institute put out a letter from 600 leading economists and Nobel laureates regarding the minimum wage. The overwhelming amount of data on the topic of minimum wage and increased taxes on the rich consistently shows a range of minimal job losses to job gains: http://www.epi.org/minimum-wage-statement/
The EPI receives money from labor unions and generally supports progressive economic ideals so thus it would make sense to advocate for such policies. If you want to go there then i could cite many articles from the Mises Institute or CATO which contradict them.


To say, however, that increased taxes and minimum wage generally cause a loss in jobs flies in the face of the facts, however.
If a position brings to an organization $7.25/hour of benefit, raising the minimum to $10.10 will cause that position to vanish. Some of it can be counteracted by price increases, but elasticity rules will dictate that jobs will be lost and the positions replaced with individuals previously able to produce at the new dictated minimum. Unemployment at workers with marginal benefit of $7.25/hour will rise and those at $10.10/hour will fall. It's not terribly difficult to grasp.
 
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There is a difference between the natural moving of money and artificial attempts at trying to create the flow (i.e. forced inflation). Basically you are advocating against the theoretical deflationary spiral and arguing that artificial movement of money is a way prevent the cycle. The issue is that inflation (which comes from said things you are advocating) results in hurts lower and middle class people by diluting their money and forcing them to pay more.
There's nothing artificial about the movement of money with regard to a living wage. As for inflation, I'm not sure how it relates to what I'm advocating.

The issue is that almost never happens as increasing the wages always do affect the profitability which in turns affects the cost of said products which leads to inflation which can hurt people by diluting their money.
There's typically little to no price increase for the reasons I already stated. To claim what I said "almost never happens" demonstrates an ignorance of historical examples.

Again this is classic Keynes economics as he argued that this would lead to hoarding which is bad. The problem with that is even with that at least people are protected to a larger extent as their savings do not lose value due to the forced inflation that you speak off.
When lower income people get more money, they literally cannot afford to hoard it, which is why it is unarguably such an effective economic stimulus. When higher income people get unnecessary tax breaks, they very often hoard it because they can afford to do so.

And again, I'm not sure what inflation has to do with anything I've brought up. It's an entirely separate issue.

The EPI receives money from labor unions and generally supports progressive economic ideals so thus it would make sense to advocate for such policies. If you want to go there then i could cite many articles from the Mises Institute or CATO which contradict them.
I misspoke when I said the letter was from the EPI; the EPI was merely reporting on the existence of the letter. Also, there are numerous other studies that show the minimal effects of a minimum wage on job loss, and it appears to be a consensus among scholarly sources.

If a position brings to an organization $7.25/hour of benefit, raising the minimum to $10.10 will cause that position to vanish. Some of it can be counteracted by price increases, but elasticity rules will dictate that jobs will be lost and the positions replaced with individuals previously able to produce at the new dictated minimum. Unemployment at workers with marginal benefit of $7.25/hour will rise and those at $10.10/hour will fall. It's not terribly difficult to grasp.
We can ignore for now that the minimum wage is much lower now than it's historically been as a percentage of GDP, so we know how things will go if/when we raise it.

To quote the Center for Economic and Policy Research in Why Does the Minimum Wage Have No Discernible Effect on Employment? (2013), "The minimum wage has little or no discernible effect on the employment prospects of low-wage workers. The most likely reason for this outcome is that the cost shock of the minimum wage is small relative to most firms' overall costs and only modest relative to the wages paid to low-wage workers... But, probably the most important channel of adjustment is through reductions in labor turnover, which yield significant cost savings to employers." To quote Integrity Florida and their assessments of modern minimum wage hikes in cities in Minimum Wage Policy and the Resulting Effect on Employment (2015), and to reiterate points I've already made, "Economists cite several reasons why increases in the minimum wage, which raise employers’ cost, generally do not cost jobs. Increased pay adds money to workers’ pocketbooks and allows them to buy more goods and services, creating higher demand, which in turn requires hiring more workers. The higher wage may make it easier to attract applicants and results in less turnover of workers, lowering costs of employers. Our examination of employment statistics in states found no evidence of employment loss in states that have increased the minimum wage and more evidence that suggests employment increases faster when there is an increase in the minimum wage."

To say a higher salary costs a business more and therefore they have to fire some people reflects a very surface understanding of economics. I've numerous times explained how that's not the case. It's not terribly difficult to grasp.
 

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There's nothing artificial about the movement of money with regard to a living wage. As for inflation, I'm not sure how it relates to what I'm advocating.
Because of the fact that the rising of wages is often a key way in which purposeful inflation can araise.


There's typically little to no price increase for the reasons I already stated. To claim what I said "almost never happens" demonstrates an ignorance of historical examples.
Your ignorance here is almost laughable if it were not for the fact you actually mean it. To suggest that a company could increase the wages by 12% and not have any impact upon the total profitability upon the revenue and profit of any company is quite absurd especially when you consider that the profit margin for many companies is quite small.
 
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Because of the fact that the rising of wages is often a key way in which purposeful inflation can araise.
Could you describe for me the mechanisms behind this inflation?

Your ignorance here is almost laughable if it were not for the fact you actually mean it. To suggest that a company could increase the wages by 12% and not have any impact upon the total profitability upon the revenue and profit of any company is quite absurd especially when you consider that the profit margin for many companies is quite small.
I never said anything about whether or not the total profit margin for a company would go down, and it doesn't look like you read my post.

Could you please, in a sentence or two, summarize what my argument was?
 

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Useless topic; also, usuless election. Americans assert that the italians don't have anymore the power of vote... Mmm, easy to see only the other's things. Unfortunately, even the americans don't have the faculty to decide their 'ruler' with the vote (see Bush). Everything has already been decided: will be Trump the next president, as in The Simpsons, he was quoted many times as a "President Trump" (even in an old episode of 2001). Now, since Groening is a masons, 31th grade, as he himself established, and the USA is the most-controlled nation in the world by hebrews (CIA, FBI). I would say that the picture of the situation is now complete
 

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Could you describe for me the mechanisms behind this inflation?
If wages are higher than before then it affects profitability which leads to paying higher amounts for the same products (i.e. inflation). Such Inflation is considered good as it prevents the hoarding of money (I.e. an deflationary cycle). At Least according to the Keynes way of thought.



Could you please, in a sentence or two, summarize what my argument was?
That even with higher wages that companies can still employ people at roughly the same rate since the workers (who are also the consumers) have the money and thus are able afford such goods.




Center for Economic and Policy Research
Is also described as progressive and his intentions in its findings.


Also from before I forgot to respond.


When lower income people get more money, they literally cannot afford to hoard it, which is why it is unarguably such an effective economic stimulus. When higher income people get unnecessary tax breaks, they very often hoard it because they can afford to do so.
The issue is that no matter what the value of their limited funds becomes diluted. Likewise if you stop and think for two second you would realize that higher wages do cause inflation.

To say a higher salary costs a business more and therefore they have to fire some people reflects a very surface understanding of economics. I've numerous times explained how that's not the case. It's not terribly difficult to grasp.
I am quite astonished in your lacking to understand even the simplest of thoughts regarding economics. The false idea that you can raise what is one of the largest costs that businesses have and not let it affect end profits is again absurd and easy to understand (i question your entire competence or lack of).
 

Lacius

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If wages are higher than before then it affects profitability which leads to paying higher amounts for the same products (i.e. inflation). Such Inflation is considered good as it prevents the hoarding of money (I.e. an deflationary cycle). At Least according to the Keynes way of thought.




That even with higher wages that companies can still employ people at roughly the same rate since the workers (who are also the consumers) have the money and thus are able afford such goods.





Is also described as progressive and his intentions in its findings.


Also from before I forgot to respond.



The issue is that no matter what the value of their limited funds becomes diluted. Likewise if you stop and think for two second you would realize that higher wages do cause inflation.


I am quite astonished in your lacking to understand even the simplest of thoughts regarding economics. The false idea that you can raise what is one of the largest costs that businesses have and not let it affect end profits is again absurd and easy to understand (i question your entire competence or lack of).
The inflation you described rarely occurs for the reasons I've stated numerous times.

You've also attacked a straw man argument twice now, even after I corrected you the first time. I'm not arguing that businesses' profits are unaffected. Read my posts.
 

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The inflation you described rarely occurs for the reasons I've stated numerous times.

You've also attacked a straw man argument twice now, even after I corrected you the first time. I'm not arguing that businesses' profits are unaffected. Read my posts.
Your weak arguments are to simply put it are false. Likewise I did not assert that you believed that profits were affected, I am attacking you on your false principle of that they are not affected to the point that they caused job loss when in fact they do. The minimum-wage increases of the late 2000s lowered employment by about 14% and they will likely do it again. You need to stop it with this BS that you keep pulling out of nowhere and realize that you quite simply have a flawed view upon modern economics. For you to deny the commonly held basic 101s of economics is quite sad to be honest.
 

I pwned U!

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From the Democratic Party platform:
You mean the platform that they were more than willing to violate to do their best to rig the election for Hillary?

After they betrayed the American people by undermining our democracy like that, I would not be quick to believe any so-called "platform" that they have.
 

Lacius

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Your weak arguments are to simply put it are false.
Agree with them or not, they are the consensus among economists and aren't weak. To claim they are weak is to try a little too hard. The historical data also backs up my arguments.

Likewise I did not assert that you believed that profits were affected
Ahem,
Your ignorance here is almost laughable if it were not for the fact you actually mean it. To suggest that a company could increase the wages by 12% and not have any impact upon the total profitability upon the revenue and profit of any company is quite absurd especially when you consider that the profit margin for many companies is quite small.
I am quite astonished in your lacking to understand even the simplest of thoughts regarding economics. The false idea that you can raise what is one of the largest costs that businesses have and not let it affect end profits is again absurd and easy to understand (i question your entire competence or lack of).

I am attacking you on your false principle of that they are not affected to the point that they caused job loss when in fact they do.
They don't. I've explained numerous reasons why, and I've cited evidence.

The minimum-wage increases of the late 2000s lowered employment by about 14% and they will likely do it again.
Are you trying to suggest that minimum wage increases caused and/or had any part to play in the Great Recession? They didn't.

You need to stop it with this BS that you keep pulling out of nowhere and realize that you quite simply have a flawed view upon modern economics. For you to deny the commonly held basic 101s of economics is quite sad to be honest.
I'm not the one denying basic economic data and concepts. If you want to continue this conversation, I suggest you get a little less personal. I don't want this thread to get shut down. Stick to the impartial facts.
 

Foxi4

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"Minimum Wage" or "Living Wage" did not help the poor - it helped the ultra-rich. The government stepped in and said "this is the lowest amount of money you can legally pay an employee", and what did companies do? They paid everyone the lowest amount, wheras before the wage depended on supply, demand and negotiations between the employer and the employee. Before an employee could just say "your contract sucks, I'll go to a different company that'll value me more", there was a market for labourers. Now there isn't one because everyone's using minimum wage as a crutch. That, and it doesn't help anyways - rising the minimum wage will just inevitably rise living costs since companies will have to make up for the difference, thus you return to the point you started from. If increasing wages was the solution, why stop at all? Let's just rise the wages to $100 per hour, that'll make everyone rich as fuck, right? Wrong - companies will just move to China and India, like they have been for the past two decades because liberals crippled the market and made development unsustainable in the western hemisphere. There's a reason why the economy is stagnant in the west and booming in the east. Wages are not the issue here, the system is fundamentally flawed at the core.

By the way @Lacius, the economy is not "moving money around", that's banking. Money isn't even a necessary requisite for an economy - trading goods is also a form of economic structure. An economy is a complex system of exchanging goods and services, we just happen to use legal tender because it makes things much easier. The purpose of an economy isn't just to be "there", an economy is supposed to grow alongside the population. If your economy is stagnant, you're already in the red because your consumption isn't. If your economy is shrinking, you're in trouble.
 
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